Smart Wires
smartwires.com

  • Location

    Raleigh-Durham, NC

  • Initial Investment

    December 2019

  • Exit Date

    November 2023

What Does Smart Wires Do?

Designs and manufactures power flow control technology to expand and optimize power flows on high-voltage transmission grids globally.

Customer Value Proposition

Cost effective management of bi-directional power flows in real time with a smaller physical footprint, scalability, and faster deployment.

Climate Impact

By utilizing power grid’s existing capacity more efficiently to reduce line congestion, Smart Wires enables more renewable energy to be brought online more quickly, reduces the need to curtail renewable energy once in service, and reduces or eliminates the need to build new transmission lines.

U.N. Sustainable Development Goals

Target

7.1

By 2030, ensure universal access to affordable, reliable and modern energy services

Indicators

7.1.1

Proportion of population with access to electricity

Target

7.2

By 2030, increase substantially the share of renewable energy in the global energy mix

Indicators

7.2.1

Renewable energy share in the total final energy consumption

Target

7.b

By 2030, expand infrastructure and upgrade technology for supplying modern and sustainable energy services for all in developing countries, in accordance with their respective programmes of support

Indicators

7.b.1

Installed renewable energy-generating capacity in developing countries (in watts per capita)

Target

13.1

Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

Indicators

13.1.1

Number of deaths, missing persons and directly affected persons attributed to disasters per 100,000 population

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